Pledging Receivables Will Get You About _____ of the Amount

question 100

Multiple Choice

Pledging receivables will get you about _____ of the amount that can be collected,where as,factoring can get you _____ percent of the amount due.

• A)one-fourth;90-95
• B)one-fifth;40-45
• C)one-half;75-80
• D)three-fourth;20-25

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Definitions:

Date of Combination

The specific date when two or more entities come together to form one entity or begin to operate as a combined entity.

Journal Entries

Records of financial transactions in the chronological order they occur, used in bookkeeping.